Corporate GovernanceAug 4, 2026, 05:28 PM
SHF Holdings Approves Retention Plan for Key Employees, Directors
AI Summary
SHF Holdings, Inc. announced that its board of directors approved a Retention Plan and a Retention Agreement on July 29, 2026. This plan is designed for key employees and directors, offering a retention incentive in the event of a Change in Control, which would be a payment equal to a designated percentage of their base salary or annual Board fees. Additionally, it provides for an increase to their base salary or annual Board fees during a period of Insolvency, with payments contingent upon the execution of a general release of claims.
Key Highlights
- SHF Holdings' Board approved a Retention Plan and Retention Agreement on July 29, 2026.
- The plan is for key employees and directors of the Company and its subsidiaries.
- Eligible participants may receive a Retention Incentive upon a Change in Control.
- Incentive is a designated percentage of base salary or annual Board fees.
- Participants may also receive a salary/fee increase during a period of Insolvency.
- Payment of Retention Incentive is conditioned on a general release of claims.
- The Retention Plan and Agreement are filed as Exhibit 10.1 and Exhibit 10.2.
Price Impact
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